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APAC regulatory advancements
Regulatory advancements in the APAC region are showing progress with IFRS 17 implementation, although timelines differ across jurisdictions. South Korea, Hong Kong, Malaysia, Singapore, Australia, and New Zealand introduced IFRS 17 in January 2023, while other markets have extended deadlines to 2025 and beyond. Solvency regimes are also evolving across the region, with Hong Kong RBC introduced in 2024, Korea ICS in 2023, and China-ROSS II in 2022.
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